LOS ANGELES, Oct. 11, 2022 (GLOBE NEWSWIRE) — RadNet, Inc. RDNT, a nation’s leading provider of high-quality, low-cost, ambulatory diagnostic imaging services, announced today that its New Jersey Imaging Network (NJIN) joint venture has acquired the ambulatory radiology assets of Montclair Radiology, owner of Six Imaging Centers in northern New Jersey .
For more than 75 years, Montclair Radiology has been a leader in diagnostic imaging in northern New Jersey, serving an area with a patient population of 16 million. Montclair Radiology owns and operates six multimodal centers in Montclair, West Caldwell, Nutley, Verona, Jersey City and Hoboken offering MRI, CT, PET/CT, X-ray, Ultrasound, Mammography and other related procedures. Montclair Radiology performs over 200,000 procedures per year and is expected to add over $40 million in revenue to NJIN annually.
dr Howard Berger, Chairman and Chief Executive Officer of RadNet, commented, “We are pleased to announce this transaction. Since its inception in 2015, NJIN has grown to become a leading provider of ambulatory imaging in north and central New Jersey, providing high-quality, lower cost, and convenient services as an alternative to more expensive in-hospital imaging. Montclair’s long-standing brand Radiology is a force to be reckoned with in the markets it serves and its strong reputation for providing excellent patient services is symbiotic with that of our existing NJIN operations.”
dr Michael Pollack, President of Montclair Radiology, stated, “The physicians and staff of Montclair Radiology are excited about this opportunity to join and be a part of NJIN. Our medical group has earned the trust of patients and referring physicians in northern New Jersey. By delivering exceptional radiology services, NJIN and RadNet will provide the management and imaging expertise needed to grow our practice and serve our physicians allow you to focus on your patients…
